Is Satoshi Nakamoto’s land leading asians to Bitcoin mass adoption?

[mynhpark]

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

[LittleBitFunny]

No, Japan will take time before any significant adoption happens.  A big part of the new laws are regulating exchanges which will even make it harder for some people to buy Bitcoin, especially when people are sometimes scared of Bitcoin exchanges because of Mt.Gox etc.

[Duzter]

Everything is interrelated to bitcoin. As Asians are quite increasing in the adoption of bitcoin as well acceptance people have started to relate the same to the legendary Satoshi. I think there is​no need for such an interlinking of unwanted statements.

[btc.scout]

   Indian govt wants to start investing... that's why green light...

[digaran]

How'd you know if Satoshi was from Japan? maybe he was, it's not really about which country goes first adopting and acknowledging the blockchain of bitcoin and recognize it's credibility, functionality. they know bitcoin is the future's digital and most importantly decentralized currency.
30 years ago everyone thought internet is a dangerous weapon, every new technology always is used as a weapon but not bitcoin and Satoshi made it public and open source the world wasn't ready and they thought it to be a weapon because they couldn't really understand it, but now they're coming to their senses and the rest of the world will wake up to the truth that stopping bitcoin is a futile attempt.

[Kprawn]

The thing about Bitcoin is this : Once you ban or over regulate it, people will be more attracted to it or they will take it underground to secondary

black markets. { where governments will not be able to tax it } These governments are pushing people NOT to pay taxes, when technologies like

Bitcoin is banned.  ....... They should just accept the technology and milk the tax that would be generated from this. 

[mynhpark]

Nice points of view making for a wholesome discussion.

[dunfida]

The thing about Bitcoin is this : Once you ban or over regulate it, people will be more attracted to it or they will take it underground to secondary

black markets. { where governments will not be able to tax it } These governments are pushing people NOT to pay taxes, when technologies like

Bitcoin is banned.  ....... They should just accept the technology and milk the tax that would be generated from this. 

.
They would definitely do such thing and most governments does really have this kind of rules if they wont able to milk tax with it then it would 100% would be banned and would not be regulated on their country which would really make people to make underground transactions and they cant do anything about it since bitcoin transactions can be hardly traced if they would tend to.

[Nagadota]

How'd you know if Satoshi was from Japan? maybe he was, it's not really about which country goes first adopting and acknowledging the blockchain of bitcoin and recognize it's credibility, functionality. they know bitcoin is the future's digital and most importantly decentralized currency.
30 years ago everyone thought internet is a dangerous weapon, every new technology always is used as a weapon but not bitcoin and Satoshi made it public and open source the world wasn't ready and they thought it to be a weapon because they couldn't really understand it, but now they're coming to their senses and the rest of the world will wake up to the truth that stopping bitcoin is a futile attempt.

Satoshi is very unlikely to be from Japan, but his pseudonym is a name there which is what caused the title I suppose.

I don't think anyone 30 years ago thought that the Internet was a dangerous weapon, and I don't think that anyone thinks that the blockchain is a dangerous weapon.  On the contrary, I'd say that most people don't care at all what the blockchain is even if they're vaguely aware of Bitcoin's existence.  Even banks often experiment with blockchain technology and will continue to do so often.

Countries are afraid of Bitcoin because what's recorded on the blockchain is pseudonyms and the blockchain is accessible by anyone.  I think they would prefer that the blockchain showed real names and information, which were accessible only by the bank and couldn't be changed.

That view of the blockchain will stay the same, and a country accepting that Bitcoin has features like a currency is hardly going to make mass adoption occur.

[Victorycoin]

No, Japan will take time before any significant adoption happens.  A big part of the new laws are regulating exchanges which will even make it harder for some people to buy Bitcoin, especially when people are sometimes scared of Bitcoin exchanges because of Mt.Gox etc.

You may want to know that the Japanese government have stepped into Mt Gox case and the creditors have even be offered discounted rates by some hedge fund, so the past is now almost far behind and Japan is positioning itself to mop up the fallout from China's folly.

[Xester]

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

Japan is moving positively in that direction and it will only needs a few years before bitcoin will be mass adopted by the Japanese People. But the bitcoin adoption will not be as a currency but as a commodity with a value capable of being used as a financial form of payment. But even though bitcoin is not treated as a currency as long as the masses in Japan are using it then that is still a good news to bitcoin and to the community.

[BillyBobZorton]

I always thought that if I was japanese it would be cool that satoshi was supposedly japanese too. Government should have payed more attention, one of the most important evers supposedly done by a japanese, it was only a matter of time when bitcoin would get acceptance in japan.

[European Central Bank]

the japanese barely use bank cards so i dunno why bitcoin is supposed to turn them on. it's interesting that one of the first countries to fully legitimise it also barely uses it at all.

[gredisgold88]

I agree with you, the modern world has been transformed into the world of post modern and enters the digital world, the invention of technology that helps human work is more sophisticated and has the technology exceeds the modern age, social status was changed so much, culture and lifestyle changed to absurd . so that the demands of creating a digital currency instead of fiat currency is a progress of human civilization, the presence cryptocurrency as digital currency can help some cross-border transactions, bitcoin created on the basis of cryptography is the founding father of some dev, Nakamoto satoshi worthy of being the person who carved history, I hope Nakamoto satoshi reveal himself.

[dunfida]

I always thought that if I was japanese it would be cool that satoshi was supposedly japanese too. Government should have payed more attention, one of the most important evers supposedly done by a japanese, it was only a matter of time when bitcoin would get acceptance in japan.

They would really accept it since the developer or owner is japanese itself and i think they are very proud on bitcoin existence thats why they dont make any doubts on accepting it and now the world or bitcoin community is shocked related to this issue that it really possible for a country to accept bitcoin inspite of its disadvantages of a certain nation.

[Yakamoto]

I think it would be fair to say that as of right now Japan is leading mass adoption, partially because the government is starting to get more involved with it when it comes to their law-making processes and so, but even on the street I've heard there are more businesses and the like accepting Bitcoin as a valid form of payment.

I don't know the spread of it and I can't say anything specifically because I don't live in Japan, but it definitely sounds like they have something going for them that the rest of the world doesn't yet.

[unamis76]

OP has fair points. Japan is a massive, has quite a bit of population and is interested in tech earlier than most. This being true I can conclude that Japan isn't leading Bitcoin to mass adoption, if it was we'd haver a 5 times bigger unconfirmed transaction queue by now!

[BitcoinFutureCoin]

No laws of Japan are slowing that so bigger mass adoption of bitcoin you can see in Europe countries which have good created laws for bitcoin adoption because they see how bitcoin is really good cryptocurrency which can make everything easier.

[U2]

A big player is definitely Japan, but there are a few European countries that are also very deep into bitcoins. If you're saying that Asian countries are more inclined to invest because the creator of bitcoins decided their alias should have a Japanese name I think you're really underestimating people's intelligence here...

[BitcoinFutureCoin]

A big player is definitely Japan, but there are a few European countries that are also very deep into bitcoins. If you're saying that Asian countries are more inclined to invest because the creator of bitcoins decided their alias should have a Japanese name I think you're really underestimating people's intelligence here...

No I think that Japan also want invest in bitcoin but I think that Europe will be better in that and faster because more better laws and better control over the cryptocurrency market then other coutries.